See What Future Toronto Home Ownership Might Look Here are six handy calculators you can use to determine how much Toronto 'home' you can afford and the various costs involved. You can even perform 'what if' scenarios to see which options might work best for you.
If at any point, you're not sure how to proceed or you need some expert advice, we are always ready to help. 416.461.024
Rent vs Buy Calculator Simply fill in your current rent and what your anticipated costs of Toronto home ownership are and this calculator will tell you whether you're better off renting or buying. Of course, if you'd like a more comprehensive analysis of your situation — along with expert advice — feel free to talk to us.
Maximum Mortgage Calculator This calculator will tell you the maximum mortgage amount and monthly payment you can qualify for based on your income and existing expenses. If you'd like some help with this calculation, or you have special circumstances not covered in this calculator, feel free to talk to us.
Like the Maximum Mortgage Calculator, this calculator shows you how much mortgage you can afford. But this time, you can put in the Toronto house price you have in mind, along with your expenses, and the calculator will show you how much income you'll need to qualify. Again, feel free to talk to us if you'd like a thorough analysis of your specific situation.
Mortgage Payment Calculator
Simply fill in your purchase price, downpayment, amortization and payment frequency, and this calculator will show you how much your payments will be and the total amount of interest you'll pay over the life of the mortgage. If you'd like help deciding whether you can afford this level of payments over the long term, feel free to talk to us.
Mortgage Isolator Calculator
Like the Mortgage Payment Calculator, this calculator shows you how much your payments will be. But here you can isolate and change your payment frequency, amortization, mortgage amount, interest rate or payment size to see what effect it will have on the other variables. If you need help performing this — or any other calculation — feel free to talk to us. 416.461.0204
These tools are provided for educational and illustrative purposes only. The accuracy of the calculations and their applicability to your circumstances are not guaranteed.
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